Joseph Schumpeter
#251,397 Most Popular
About
Austrian-Hungarian-American scientist and one of the most influential economists of the 20th century. He came up with the recognized term 'creative destruction', which refers to the linked processes of the accumulation and annihilation of wealth under capitalism.
Before Fame
He worked at universities in Germany, Japan, and the United States.
Trivia
The former chairman of the Federal Reserve, Alan Greenspan, was one of his students.
Family Life
He married third wife Elizabeth Boody in 1937.
Associated With
He based many of the theories in his book Capitalism, Socialism and Democracy (1942) off of Karl Marx's writing.
